Strong yen seen hitting Japan exporters' forecasts

Newswire

TOKYO, Sept 22 (Reuters) - Japanese exporters may be forced to revise down their earnings forecasts if the yen strengthens beyond 110 yen per dollar, with every one yen gain potentially shaving billions from profits, analysts said on Monday. The yen soared to 111.37 per dollar , its highest level in nearly three years against the greenback, on Monday, on speculation Japan would stop trying to hold down its currency after the Group of Seven called for flexible currency regimes at a weekend ...

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